The Global Bovine based Collagenfor Biomedical Applications Market was valued $784.1 Mn in 2020 and is expectedto reach $1.2 Bn by 2026, at a CAGR of 8.4%.
Market Introduction and Overview
The Bovine based Collagen forBiomedical Applications Market in the US was valued US$212 million in the year2020. China, the fastest-growing economy is expected to reach a market value ofUS$290.1 million by 2026. Other global markets such as Japan and Canada areexpected to grow at a CAGR of 5.5% and 7.1% respectively. Among the Europeannations, Germany is expected to grow at a 6.5% CAGR.
The growing demand forbovine-based collagen in biomedical applications to treat various medicalconditions is driving the market growth. Increasing demand for dental andorthopedic surgeries is fuelling the growth of this market. Increasing R&Dactivities for the development of wound healing & regenerative medicinesare likely to trigger market growth in the coming years. Moreover, factors suchas massive use of the products in cartilage repairs, wound dressings, bonegraft substitutes, collagen-based scaffolds, skin substitutes and hemostats,rise in geriatric population, rise in burn and trauma cases and growth in demandfor bovine based collagen products are also contributing to the market growth.
The use of Bovine based collagenin biomedical applications to treat various medical conditions like arthritis,osteoporosis, and improving skin health is augmenting the market growth. Bovineis made use of in different development stages such as fetal bovine dermis usedfor tendon reinforcement, skin and wound healing (in the form of collagenmatrix); neonatal bovine dermis is used for hernia repair, plastic andreconstructive surgery; adult bovine pericardium for hernia repair and muscleflap reinforcement. Corneal collagen shields for ocular delivery has also beenreported. Bandage soft contact lenses are made of hydrophilic plastics whichare widely used to protect eyes with various problems, including non-healingepithelial defects after corneal transplantation or refractive surgery andrecurrent epithelial erosions after ocular herpes infection.
However, the risk of diseasetransmission is a major restraint for market growth.
The report contains detailedanalysis of Strengths, Weakness and opportunities of the key players operatingin the Bovine based Collagen for Biomedical Applications Market. It alsoprovides information on current market trends, competitive ranking analysis,regional bifurcation, turnover forecasts, industry drivers and the keychallenges.
The report has profiled ten keyplayers in the market from different regions. However, report has consideredall market leaders, followers, and new entrants with investors while analysingthe market and estimation the size of the same. The growing healthcareinfrastructure in each region is different and focus is given on theavailability of advanced technology and new techniques.
Segment Analysis
By applications, the bone graftsubstitute segment is expected to grow at a CAGR of xx% in the forecast period.Bone graft procedures have been increasingly used in traumatology, tumorsurgery, spine surgery, infection, and revision arthroplasty. In the US,approximately 500,000 bone graft procedures are performedannually. Bonesubstitutes have a diversity of composition, mechanical strength, andfunctional biological mechanisms. Graft substitutes for autologous bone are anappealing alternative. Substitutes include allograft, mineral composites,ceramics, mineral cement, bioactive glass, proteins, and growth factors. Theuse and availability of these productshave expanded exponentially. Factors suchas increased blood loss, increased anesthesia time, and increased morbidityrate are demanding the need for bone graft substitutes, thereby driving themarket growth. An increase in preference for collagen as a bone substitute dueto its osteoinductive activity is the key factor boosting the segment growth.
Bovine based Collagen forBiomedical Applications Market
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The collagen-based scaffoldsegment is estimated to drive at a significant CAGR of xx% in the forecastperiod. The regional markets such as the US, Canada, Europe, China and Japanaccounted for a combined market size of US$110.9 Million in 2020.Collagen-based scaffolds have been widely used for tissue engineering of avariety of tissues such as cartilage, bone, tendon, ligament, skin, bloodvessels, nerve, bladder, and tooth. A wide variety of applications in diversefields is boosting the segment growth at a faster pace.
Regional Insights
Bovine based Collagen forBiomedical Applications Market1
North America accounted for the largestshare of xx% in 2020, the reason being the rising prevalence of bone-relateddisorders. Investments by key players in this field have boosted the marketgrowth. Factors such as technological advancements, robust healthcareinfrastructure, growing prevalence of bone disorders, and the presence ofhighly qualified and experienced surgeons are driving the region’s growth.Beneficial government initiatives and an increase in the number of researchpartnerships are some of the drivers expected to increase the market growth.
The Asia Pacific is also expectedto witness significant growth during the forecast period due to the increasinggeriatric population and rising health care expenditures. The allocation of alarge amount of healthcare expenditure for hospitals and dispensing medicinesto the elderly is expected to drive the market demand.
The report also helps inunderstanding Global Bovine based Collagen for Biomedical Applications Marketdynamics, structure by analysing the market segments and project the GlobalBovine based Collagen for Biomedical Applications Market size. Clearrepresentation of competitive analysis of key players by product, price,financial position, product portfolio, growth strategies, and regional presencein the Global Bovine based Collagen for Biomedical Applications Market make thereport investor’s guide.
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Bovine based Collagen forBiomedical Applications Market2
By Region
• North America
• Europe
• Asia-Pacific
• Meddle East & Africa
• South America
Key players operating the GlobalBovine based Collagen for Biomedical Applications Market
• BBI Solutions
• Symatese
• Gurnet Point Capital
• Viscofan BioEngineering (a partof Naturin Viscofan GmbH)
• Collagen Solutions LLP
• Botiss biomaterials GmbH
• Medtronic
• Taxus Cardium
• KYERON
• Collagen Matrix, Inc.
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